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BANKRUPTCY REFORM: THE LEGISLATIVE HISTORY OF THE BANKRUPTCY ABUSE PREVENTION AND CONSUMER PROTECTION ACT OF 2005

Manz, William H.


Item #: 61631
Published: Getzville; William S. Hein & Co., Inc.; 2006.

Subjects: FRENCH LAW, CONTEMPORARY LAW, LEGISLATIVE HISTORY

Overwhelmingly approved by Congress and signed into law inApril 2005, this Act is the first major revision of Americanbankruptcy laws since 1978. The law addresses what itsbackers regard as widespread abuse of the nation'sbankruptcy system, making it more difficult for certainindividuals to file for bankruptcy, giving courts moreauthority to limit the amount of money executives and othercorporate insiders can take in bonuses and severance payfrom companies filing for bankruptcy protection, andrequiring companies to tell customers how long it will taketo pay off a debt by paying only minimum amounts. Includesthe law in its final form, a legislative chronology, thereport on the law, previous bill versions, and all otherdocuments associated with this Act.

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